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Udr Inc Financials

UDR
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Udr Inc (UDR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI UDR FY2025

A depreciation-heavy asset base keeps operating cash flow steadier than earnings while leverage carries much of the funding load.

Between FY2023 and FY2025, operating cash flow rose from $833M to $903M even though reported earnings swung sharply in between. That pattern means cash conversion is more stable than net income suggests, with large non-cash charges absorbing accounting profit without the same hit to cash.

From FY2024 to FY2025, revenue moved only from $1.67B to $1.71B. Yet operating margin widened from 17.0% to 32.3%, showing that reported profitability is being shaped more by cost and accounting movements than by top-line change alone.

By FY2025, long-term debt was about $5.82B against equity of $3.29B, so the asset base depends heavily on fixed obligations. With cash on hand at just $1.2M, financial flexibility comes more from recurring operating cash inflows and access to capital markets than from a large cash cushion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFO Growth Leverage Interest Cov. AFFO Margin Dividend Cov. 65 / 100
Financial Health Score 65/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Udr Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
89
FFO Growth
26
Leverage
57
Interest Cov.
64
AFFO Margin
88
Dividend Cov.
68
Piotroski F-Score Partial
6/7

Udr Inc passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.39x

For every $1 of reported earnings, Udr Inc generates $2.39 in operating cash flow ($902.9M OCF vs $377.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.8x

Udr Inc earns $2.8 in operating income for every $1 of interest expense ($553.6M vs $196.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.7B
YoY+2.4%
5Y CAGR+6.6%
10Y CAGR+7.0%

Udr Inc generated $1.7B in revenue in fiscal year 2025. This represents an increase of 2.4% from the prior year.

EBITDA
$1.2B
YoY+25.9%
5Y CAGR+7.3%
10Y CAGR+8.6%

Udr Inc's EBITDA was $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the prior year.

Net Income
$377.7M
YoY+321.6%
5Y CAGR+42.5%
10Y CAGR+1.0%

Udr Inc reported $377.7M in net income in fiscal year 2025. This represents an increase of 321.6% from the prior year.

EPS (Diluted)
$1.13
YoY+334.6%
5Y CAGR+41.4%
10Y CAGR-1.3%

Udr Inc earned $1.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 334.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.2M
YoY-7.8%
5Y CAGR-2.8%
10Y CAGR-15.7%

Udr Inc held $1.2M in cash against $5.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.72
YoY+1.2%
5Y CAGR+3.6%
10Y CAGR+4.5%

Udr Inc paid $1.72 per share in dividends in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Shares Outstanding
329M
YoY-0.8%
5Y CAGR+2.1%
10Y CAGR+2.3%

Udr Inc had 329M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
32.3%
YoY+15.3pp
5Y CAGR+12.3pp
10Y CAGR+14.0pp

Udr Inc's operating margin was 32.3% in fiscal year 2025, reflecting core business profitability. This is up 15.3 percentage points from the prior year.

Net Margin
22.1%
YoY+16.7pp
5Y CAGR+16.9pp
10Y CAGR-17.0pp

Udr Inc's net profit margin was 22.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.7 percentage points from the prior year.

Return on Equity
11.5%
YoY+8.9pp
5Y CAGR+9.5pp
10Y CAGR-0.3pp

Udr Inc's ROE was 11.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$117.8M
5Y CAGR+42.9%

Udr Inc spent $117.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

UDR Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $425.8M-1.7% $433.1M+0.3% $431.9M+1.5% $425.4M+0.8% $421.9M-0.2% $422.7M+0.6% $420.2M+1.2% $415.3M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $19.4M-64.8% $55.1M+423.0% $10.5M+5.2% $10.0M+5.4% $9.5M-83.5% $57.4M+496.7% $9.6M+7.2% $9.0M
Operating Income $229.8M-17.2% $277.7M+263.6% $76.4M-1.3% $77.4M-36.7% $122.2M+84.3% $66.3M-5.1% $69.9M+1.7% $68.7M
Interest Expense $48.6M-2.2% $49.7M-1.8% $50.6M+3.9% $48.7M+2.0% $47.7M-3.9% $49.6M-1.2% $50.2M+5.0% $47.8M
Income Tax $455K+1129.7% $37K-90.3% $382K+48.1% $258K+63.3% $158K-49.4% $312K+300.0% -$156K-140.4% $386K
Net Income $189.8M-14.8% $222.9M+451.6% $40.4M+7.3% $37.7M-50.9% $76.7M+1621.0% -$5.0M-122.3% $22.6M-21.8% $28.9M
EPS (Diluted) $0.57 N/A $0.12+9.1% $0.11-52.2% $0.23 N/A $0.06-25.0% $0.08

UDR Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $10.3B-2.6% $10.6B0.0% $10.6B-0.4% $10.6B-0.9% $10.7B-1.4% $10.9B-1.6% $11.1B-0.3% $11.1B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $1.3M+6.4% $1.2M+2.3% $1.2M-22.1% $1.5M+22.6% $1.3M-5.7% $1.3M-42.0% $2.3M-17.5% $2.8M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $6.2B-3.5% $6.5B+0.1% $6.5B+1.4% $6.4B+0.1% $6.4B-1.2% $6.4B-0.5% $6.5B+1.5% $6.4B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $5.7B-2.7% $5.8B-0.2% $5.8B+1.0% $5.8B-0.6% $5.8B-0.3% $5.8B-0.7% $5.9B+1.5% $5.8B
Total Equity $3.3B-0.1% $3.3B+0.4% $3.3B-1.5% $3.3B-0.2% $3.3B-3.3% $3.4B-2.0% $3.5B-5.6% $3.7B
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

UDR Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $128.7M-50.7% $261.4M+11.3% $234.9M-6.1% $250.3M+60.2% $156.2M-35.1% $240.5M+4.5% $230.3M-3.4% $238.5M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow $283.7M+9124.5% $3.1M+102.7% -$113.1M-92.5% -$58.8M-429.8% $17.8M+136.5% -$48.8M+67.1% -$148.3M-51.6% -$97.8M
Financing Cash Flow -$414.5M-57.1% -$263.8M-118.6% -$120.7M+36.4% -$189.8M-7.7% -$176.1M+8.2% -$191.9M-137.4% -$80.8M+41.5% -$138.3M
Dividends Paid $141.3M-0.7% $142.2M-0.2% $142.5M0.0% $142.4M+1.2% $140.7M+0.4% $140.2M+0.1% $140.1M+0.1% $140.0M
Share Buybacks $100.0M+7.7% $92.8M+271.2% $25.0M N/A N/A N/A N/A N/A

UDR Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 54.0%-10.2pp 64.1%+46.4pp 17.7%-0.5pp 18.2%-10.8pp 29.0%+13.3pp 15.7%-1.0pp 16.6%+0.1pp 16.5%
Net Margin 44.6%-6.9pp 51.5%+42.1pp 9.4%+0.5pp 8.9%-9.3pp 18.2%+19.4pp -1.2%-6.6pp 5.4%-1.6pp 7.0%
Return on Equity 5.8%-1.0pp 6.8%+5.5pp 1.2%+0.1pp 1.1%-1.2pp 2.3%+2.4pp -0.1%-0.8pp 0.6%-0.1pp 0.8%
Return on Assets 1.8%-0.3pp 2.1%+1.7pp 0.4%+0.0pp 0.4%-0.4pp 0.7%+0.8pp -0.1%-0.3pp 0.2%-0.1pp 0.3%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 1.72-0.0 1.77-0.0 1.78+0.0 1.740.0 1.74+0.1 1.69+0.0 1.67+0.1 1.55
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Udr Inc (UDR) reported $1.7B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Udr Inc (UDR) revenue grew by 2.4% year-over-year, from $1.7B to $1.7B in fiscal year 2025.

Yes, Udr Inc (UDR) reported a net income of $377.7M in fiscal year 2025, with a net profit margin of 22.1%.

Udr Inc (UDR) reported diluted earnings per share of $1.13 for fiscal year 2025. This represents a 334.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Udr Inc (UDR) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Udr Inc (UDR) had $1.2M in cash and equivalents against $5.8B in long-term debt.

Udr Inc (UDR) had an operating margin of 32.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Udr Inc (UDR) had a net profit margin of 22.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Udr Inc (UDR) paid $1.72 per share in dividends during fiscal year 2025.

Udr Inc (UDR) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Udr Inc (UDR) generated $902.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Udr Inc (UDR) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Udr Inc (UDR) spent $117.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Udr Inc (UDR) had 329M shares outstanding as of fiscal year 2025.

Udr Inc (UDR) had a debt-to-equity ratio of 1.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Udr Inc (UDR) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Udr Inc (UDR) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Udr Inc (UDR) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Udr Inc (UDR) has an interest coverage ratio of 2.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Udr Inc (UDR) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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